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swingbigbaby

06/02/09 10:33 AM

#1816 RE: tmonkey #1815

As Hugh's DD has disclosed, it would appear that a $17.5 mln investment from the Chinese government is forthcoming so I think the manipulative relationship with Ribotsky is nearing an end. Regardless, the company would need shareholder approval to increase the number of authorized shares and I seriously doubt it could be done these days if they even attempted to do so. I'm not trying to suggest that this is a risk-free investment, but there is SUBSTANTIALLY more upside potential then downside risk in my opinion.

hugh_jackoman

06/02/09 11:36 AM

#1818 RE: tmonkey #1815

If you wait until after they get rid of Ribotsky you will pay A WHOLE LOT MORE PER SHARE. I think with all the stuff we continue to find shows something very promising going on behind the scenes at Kiwa Biotech. It obvious the company needs capital to get their gameplan off the ground and perhaps that is the reason we are seeing delays in results. All the financing supposedly fell through in Q3 right after they announced all those contracts. Right now the company cannot obtain any capital without Ribotskys' approval and if they pay him back sooner they have to give him 30% premium. He has had this company by the balls for awhile but I really believe it's about to end. We will soon see. Good Luck to you